Institute of Business Laws in association with Lakshmikumaran & Sridharan as knowledge partner is organising the following seminars in the second half of September 2013 :
Foreign Trade Policy & Export Promotion Schemes
Bangalore, 26 September 2013
Annual Supplement to India’s five year Foreign Trade Policy 2009-14, was released recently for facilitating and regulating exports and imports.
Many functional schemes have been relaxed to provide for more concessions to the exporters and importers. 3% Export Promotion Capital Goods (EPCG) scheme has been merged with zero duty EPCG scheme. Import of motor cars, SUVs, etc. by hotels, travel agents, etc., will not be allowed under this scheme which also prohibits import of second-hand goods. All FTP Chapter 3 duty credit scrips can now be utilized for payment of application fees, composition fees and for payment of value shortfalls in export obligation. Scrips under Focus Market Scheme (FMS), Focus Product Scheme (FPS) and Vishesh Krishi Gram Udyog Yojana (VKGUY) can also be utilized for payment of Service Tax. Interest provisions in case of EO default in case of specified schemes have also been relaxed.
This seminar is being conducted to guide exporters, importers, manufacturers and service exporters to help them understand and implement the provisions in a better way.
Investigations & Audit under Excise, Service Tax & Customs Laws
Chennai, 27 September 2013
A vast majority of assessees comply with tax laws and pay taxes diligently. However, due to complex wording of statutory provisions, contrary instructions issued by revenue authorities, conflicting judgments and also due to genuine differences in interpretation, the investigating agencies may conclude that there is loss of revenue.
The revenue agencies conduct investigations against genuine tax assessees in more or less the same way they deal with tax evaders. Requirement of deposit of the alleged short payment is also being insisted upon without giving adequate opportunity to make considered decision. This seminar will sensitise senior officials about the responsibilities in cooperating with investigating agencies and at the same time tell them of their rights during such investigations.
For more information about these seminars, please visit www.iblglobal.com